Illinois ranks fourth nationally in foreclosure filings

According to a just-released RealtyTrac report, Illinois had the fourth highest rate of foreclosure activity in the nation. Per RealtyTrac:

Illinois foreclosure activity decreased 23 percent on a year-over-year basis in May, but two consecutive months with annual increases in REO activity boosted the state’s foreclosure rate to fourth highest nationwide in May. One in every 790 Illinois housing units had a foreclosure filing for the month.

Chicago ranked 16th among metropolitan statistical areas, with one in every 573 homes in some stage of foreclosure.

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